Sat04302016

News

Loyola Corners economics, traffic rise to top of planning concerns

Loyola Corners economics, traffic rise to top of planning concerns

Alicia Castro/Town Crier
Loyola Bridge construction parallel to the Fremont Avenue frontage may lead officials to alter circulation plans for the area.

Loyola Corners stakeholders last week mulled the issues that will likely shape the area&rsquo...

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Schools

LAHS Green Team commemorates Earth Week

LAHS Green Team commemorates Earth Week


Traci Newell/Town Crier
Los Altos High School Green Team members, above, quiz their classmates about water conservation. The club distributed plants as prizes during the club’s Earth Week activities.

Members of the Los Altos High School Green...

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Community

Local pianist, 11, slated to perform Saturday at statewide competition

Local pianist, 11, slated to perform Saturday at statewide competition


Courtesy of the Cha family
Spencer Cha plays piano at a Santa Clara University recital. The sixth-grader also enjoys soccer, tennis, golf and skiing.

Spencer Cha has come a long way since he first sat down at the piano at age 2.

“I remem...

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Sports

Spartans net second place, eye top prize next season

Spartans net second place, eye top prize next season


Megan V. Winslow/Town Crier
Jeremy Hsu, Mountain View High’s top singles player, competes against Pinewood Thursday. The Spartans won the match 7-0.

With freshmen playing the top three spots in singles, the future of the Mountain View High boy...

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Comment

Los Altos at a leadership crossroads: Editorial

Don’t look now, but there could be some major changes ahead regarding how the Los Altos city government is run.

The current city council has the opportunity to hire a new city manager in the wake of Marcia Somers’ recent resignation. Fur...

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Special Sections

How to personalize the wedding bar

How to personalize the wedding bar


Christine Moore/Special to the Town Crier
A seasonal signature cocktail adds interest beyond the standard wedding bar’s spirits and mixers. Focus on one set of fresh ingredients, such as blueberries, blackberries and mint for a dose of budget...

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Business

Farmers prepare to market season's bounty

Farmers prepare to market season's bounty


Alicia Castro/Town Crier
Journeyman farmer Jen Friedlander waters Hidden Villa’s greenhouse plants, which will grow stronger in the controlled indoor environment before being transferred to the field outdoors.

Around Hidden Villa, the gree...

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People

BUOL JOANNE DOUGHERTY

BUOL JOANNE DOUGHERTY

1930-2016

Heaven gained a beautiful angel today. Our beloved mother’s blessed life ended in her Los Altos home surrounded by her loving family on April 18, 2016.

Buol Joanne Dougherty was born Sept. 28, 1930 in Chicago. At the age of two, M...

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Stepping Out

'Catch' comes to conclusion LA Stage Co. comedy  ends run this weekend

'Catch' comes to conclusion LA Stage Co. comedy ends run this weekend


Richard Mayer/Special to the Town Crier
Bryan Moriarty, left, stars as Yossarian and John Stephen King plays the Psychiatrist in Los Altos Stage Company’s “Catch-22.”

Los Altos Stage Company’s presentation of “Catch...

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Spiritual Life

Investors approve of latest Fed action

Stocks have rebounded on encouraging economic news, bringing indexes to new highs and the Dow Jones industrial and transportation averages within 2 percent of their May highs. Along with improving labor statistics and the Federal Reserve’s decision to continue buying bonds and keep interest rates low, the news confirms a bullish trend for the market.

Job growth alone won’t support increased stock prices, but in the long run, it helps boost U.S. corporate profits. Moves above all-time Dow industrial average highs of 15,409.39 will confirm a bullish primary trend.

At an economic conference last week, Fed Chairman Ben Bernanke explained how the central bank views the economy, emphasizing that the economy must accommodate monetary policy for the “foreseeable future.”

With bond yields rising slightly and bond-fund investors suffering losses, those in the bullish camp argue that money will continue to rotate from bonds to stocks.

Stock market volatility has accelerated in July, and further weakness is possible in the near term, despite the encouraging primary trend. However, secondary corrections are necessary evils in a bull market.

The bottom line for this week reveals that the recent market volatility has troubled many investors, because stocks have done nothing unexpected when it comes to a pullback relative to historical corrections and positive moves by the Fed.

Bernanke said the Fed might begin to curb its massive bond-buying program later this year and halt the practice completely by the middle of 2014 if the unemployment rate reaches 6.5 percent.

Two Town Crier “50” stocks made headlines last week.

• Cisco Systems Inc. (CSCO; $25.93) has reported higher sales in 14 consecutive quarters. In the past 12 months, the company’s per-share profits rose 13 percent, while its competitors’ decreased 9 percent. The world’s largest supplier of networking equipment, Cisco’s results closely correlate to the performance of the global economy.

Cisco in June introduced a new router capable of handling four times more network traffic than previous incarnations, an upgrade that could generate $2 billion over the next two years.

Even as Cisco expands into higher-growth markets such as cloud computing, it still sticks to what it does best.

Many brokerage houses rate Cisco stock as a focus or long-term buy. Investors should consider purchasing shares – stock has proven resilient during the market’s recent volatility, offers growth potential and yields an annual dividend of 2.8 percent.

• Oracle Corp. (ORCL; $31.98) stock has traded on the Nasdaq exchange since 1986, but effective July 15, the company began trading on the New York Stock Exchange. The company will retain its ticker symbol as it transfers to the NYSE.

Oracle reported soft April-quarter results, with shares slumping and the new dividend hike failing to impress investors. Earnings-per-share increased 5 percent to 87 cents, matching the consensus, while sales held flat at $10.95 billion. New software licenses and subscriptions for cloud software rose 4 percent, offsetting a decline in hardware products and support.

For the July quarter, Oracle expects sales of new licenses and subscriptions to be flat or to increase to 8 percent. The company doubled its quarterly dividend to 12 cents, payable Aug. 2. The yield is 0.8 percent per share.

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